. >>> chuck hagel is now the new secretary of defense after a seven week confirmation battle. the former nebraska senator and vietnam combat veteran was sworn in. he visited the pentagon nine 11 memorial before he visited the leaders. >>> former state representative robin kelly winning the democratic primary to run for jesse jackson, jr.'s vacant congressional seat. kelly's campaign was helped by more than $2 million in pro-gun control ads paid by new york city mayor michael bloomberg political action fund. ashley: heather, thanks very much. we appreciate that. italy's borrowing costs are at a four-month high after the first post-election bond sale but it is calming investor fears of a political stalemate, a vacuum if you like in rome could reignite the eurozone debt crisis. what is next for italy? a little unclear. joining us now, vice president and portfolio manager at oppenheimer funds. thanks for joining us. would it be fair to say that the results of the tallian -- italian election is basically anti-austerity and take that further, anti-german? >> very much agree with you